At the beginning of 2022, Ark Investment published a report in which it predicted a rise in bitcoin to $1 million. According to analysts, the BTC rate will strengthen over the next few years. Ark Investment CEO Cathy Wood is also betting on an aggressive scenario. In her opinion, bitcoin will skyrocket to $1 million by 2030. The same point of view is shared by the strategist of Ark Investment Yasin Elmanger. Last week, in an interview with Bloomberg, he said that no shocks can undermine the possibilities of cryptocurrency.
The “crypto winter” of 2022 is drawing to a close, and next year we will see how BTC resumes its expansion. The limited supply of 21 million coins is the main factor that will push the cryptocurrency up, Elmanger emphasized.
In addition, he recalled that the number of investors who are considering bitcoin as a tool for hedging inflationary risks is growing. We are moving to a digital world, which will be based on a qualitatively new system of relations. Bitcoin will be part of it.
BTC is an independent tool, and this property will also contribute to its widespread adoption, according to Ark Investment strategist.